Mon, Dec 2 2013, 12:00 PM
The Census Bureau released a combined
report on the Value of Construction Put in Place for both September and October
on Monday. A full September r...
Mon, Dec 2 2013, 11:49 AM
Treasuries drifted only moderately weaker as the first December
trading kicked off in Asian markets. 10yr yields rose to 2.76
initially, but move...
Mon, Dec 2 2013, 9:41 AM
Bank of America has settled another
claim for loans it either originated during the housing boom or acquired
through its purchase of another lender....
Mon, Dec 2 2013, 9:25 AM
Planning
on giving out a few things for the holidays to special clients? Think
twice about it! Ken Perry writes, “Hey Rob, as we get closer to the...
Mon, Dec 2 2013, 7:55 AM
After last week's Thanksgiving holiday and bond market closures cast
some doubt as to whether or not we should put much stock in MBS
weakness, thi...
Mon, Dec 2 2013, 4:13 PM
Mortgage rates moved higher today ,
bringing them to their worst levels since the morning of September
18th. The average 30yr fixed rate for the...
Mon, Dec 2 2013, 4:13 PM
Bond markets got off to a rough start in December. After moving
modestly higher in Japan and more convincingly higher in Europe,
interest rates o...
Fri, Nov 29 2013, 12:15 PM
The Federal Housing Finance Agency (FHFA) recently released its 2013 Conservatorship Scorecard detailing
the progress made by the government sponso...
Fri, Nov 29 2013, 12:10 PM
RealtyTrac reports that the nature of distressed property
sales is evolving. In its most recent
report on market and distressed sales, the company ...
Fri, Nov 29 2013, 12:03 PM
MBS Live : MBS Morning Market Summary
++INSERT COMMENTARY HERE++
MBS Pricing Snapshot
Pricing shown below is delayed, please note...
Fri, Nov 29 2013, 10:01 AM
We
have 28 business days until QM is the law of the land, and even after
this commentary discussed the CFPB’s policy there still seems to be a sm...
Fri, Nov 29 2013, 2:56 PM
Here's a special Thanksgiving/Black Friday
installment of Do's and Don'ts for prospective buyers embarking
on, or already engaged in the home mo...
Fri, Nov 29 2013, 1:26 AM
It's not at all likely that today's half-day will be able to do anything
to inform Wednesday's weak session for better or worse. Any strength
can...
Fri, Nov 29 2013, 1:05 PM
Mortgage rates edged just barely lower today ,
but remain close to the recent highs seen on Wednesday. Along with
November 12th, these 3 days co...
Wed, Nov 27 2013, 12:14 PM
In homage to 2012, we have a fairly substantial Thanksgiving
sell-off on our hands. For what it's worth, the substantial
Thanksgiving sell-off of...
Wed, Nov 27 2013, 10:23 AM
A new housing brief from the U.S. Census Bureau shows that median home values in many small counties across the nation held steady after the most re...
Wed, Nov 27 2013, 9:26 AM
Applications for mortgages moved in two
directions during the week ending November 22, depending on whether the figures
were presented "as is" or ...
Wed, Nov 27 2013, 4:27 PM
Today offers a very interesting set of circumstances to consider
for MBS and mortgage rates. First, we can safely assume that rate
sheets have be...
Wed, Nov 27 2013, 3:35 PM
Mortgage rates moved decidedly higher today,
bringing most lenders back in line with their highest recent rate sheet
offerings from November 12t...
Tue, Nov 26 2013, 11:47 AM
The Federal Housing Finance Agency
(FHFA) reported that home prices rose 2.0 percent in the third quarter compared
to the second quarter and 8.4 p...
Tue, Nov 26 2013, 11:38 AM
To be perfectly fair to Consumer Confidence, it certainly did not
cause any significant market movement this morning, despite its
potential to do ...
Tue, Nov 26 2013, 10:45 AM
Home
prices continue to increase nationally, and the S&P Case-Shiller's U.S.
National Home Price Index which is issued quarterly showed a strong thi...
Tue, Nov 26 2013, 10:07 AM
The Census Bureau and the Department of Housing and
Urban Development are still playing catch-up from the government shutdown that
squashed data r...
Tue, Nov 26 2013, 9:55 AM
In August
2015 there will be a change to the mandatory waiting period (“effective
August 2015 a home BUYER will now have a MANDATORY 3 day waiti...
Tue, Nov 26 2013, 8:53 PM
Despite the term "extended weekend" being thrown around a bit, bond
markets are open for a half day on Friday. While that technically makes
it th...
Tue, Nov 26 2013, 5:17 AM
Here on November 26th, it might seem like the government shutdown
that ended in mid-October is far enough in the rearview that we wouldn't
still b...
Tue, Nov 26 2013, 4:08 PM
Bond markets were once again in "Holiday stance" as the economic data
had precious little effect on Treasuries and less still on MBS. The
trend o...
Tue, Nov 26 2013, 3:27 PM
Mortgage rates were flat again today.
Some lenders were just slightly better or worse compared to yesterday,
but on average, there was no cha...
Tue, Nov 26 2013, 1:23 PM
Whether because of the uproar from some members
of Congress, the Mortgage Bankers Association, National Association of
Realtors, and other industry ...
Mon, Nov 25 2013, 11:59 AM
Home prices rose again nationally in
September Lender Processing Services (LPS) said today, but in many areas,
notably a lot of the older mill towns...
Mon, Nov 25 2013, 11:45 AM
It's been a plodding and uninspiring process, but Fannie 3.5 MBS
are now at prices seen just BEFORE last week's FOMC Minutes (101-10).
They'd qui...
Mon, Nov 25 2013, 10:44 AM
Pending
home sales fell in October to the lowest level in nearly a year. The Pending Home Sales Index (PHSI) released
this morning by the Nationa...
Mon, Nov 25 2013, 10:12 AM
The
last survey I took was regarding how happy I was with my long-distance
carrier, and ended with me hanging up right in the middle of the
age-...
Mon, Nov 25 2013, 4:27 PM
Mortgage rates were steady to slightly lower
today despite some volatility and weakness in the Secondary Mortgage
Market. This means that MBS...
Mon, Nov 25 2013, 4:15 PM
Today serves as a good example of Treasuries and MBS moving in opposite directions.
It's not that they weren't almost always moving in the same dir...
Mon, Nov 25 2013, 4:04 AM
We enter this holiday-shortened week with bond markets having done an
admirable job of consolidating and correcting after the losses inspired
by l...
Mon, Nov 25 2013, 3:18 PM
Contracts for home purchases in the
Golden State increased in October, the first such increase in three months the
California Association of Realt...
Mon, Nov 25 2013, 1:45 PM
The Office of Inspector General
(OIG) of the Federal Housing Finance Agency (FHFA) has
released its sixth Semiannual Report to the Congress. The re...
Sat, Nov 23 2013, 3:58 PM
A new study by PayScale finds “Gen Y”
aged 35 years and younger are having a hard time out there. About 16%
who have a job are living at home st...
Fri, Nov 22 2013, 12:22 PM
Today was destined to to be light on market moving guidance and
consequently on participation (to whatever extent anything is destined
to happen i...
Fri, Nov 22 2013, 10:57 AM
Property taxes
are collected by virtually all local governments; levied on land, commercial
properties, and residential homes. Taxes
are generally...
Fri, Nov 22 2013, 9:31 AM
There
is an old joke in advertising that says, "Half of all advertising money is
wasted. The trick is knowing which half." Companies continue to tak...
Fri, Nov 22 2013, 6:44 AM
There are a lot of individual events worth mentioning from
yesterday's session--slightly stronger Jobless Claims, much weaker
Philly Fed, FOMC spe...
Fri, Nov 22 2013, 4:51 PM
Superficially, today looks like a good one for MBS markets with
Fannie 3.5s up a quarter of a point heading into the close. But the
"yeah buts" a...
Fri, Nov 22 2013, 4:08 PM
FICO credit scores will soon be available to some consumers for free but
only if their lenders authorize it. The
company announced recently it ...
Fri, Nov 22 2013, 4:07 PM
Lender Processing Services (LPS) said today that the
national foreclosure pre-sale inventory is at its lowest level since 2008 . The inventory, the...
Fri, Nov 22 2013, 3:50 PM
Mortgage rates were steady to slightly lower today, though they remain elevated on the week ( read more... ).
Most lenders are effectively un...
Thu, Nov 21 2013, 12:19 PM
At the risk of being too dramatic, bond markets were spiraling out of
control to some extent, heading into this morning's Philly Fed data.
That f...
Thu, Nov 21 2013, 10:30 AM
CFPB announced its first enforcement action against a payday lender , with $14 million in reimbursements and a $5 million penalty .
33 bus...
Thu, Nov 21 2013, 4:40 PM
Today's session managed to be fairly interesting and refreshingly calm
at the same time. The first two hours of the day were arguably less
calm a...
